Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €33,643 in 2024.
Of this, €65,624 falls due within a year.
Short-term debts fell from €108,864 to €65,624.
Seven of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.
Lower solvency than 95% of companies in computing infrastructure and information services. Sector median 54.9% · 2,408 companies.
In July 2024, 6,920 companies had the same profile as siSYSTEMS has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for siSYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| siSYSTEMS Schoten | €16,009 | -€74,814 | -341.0% | - |
| Camelina Zoersel | €10,108 | -€493 | -135.1% | - |
| ELIS Antwerp | €24,855 | -€746 | 58.8% | - |
| DOMUS Zoersel | €25,572 | -€26,539 | 48.9% | - |
| TRAITEURS AAN HUIS Rumst | €36,525 | -€1,163 | 8.8% | - |
| STUDY EXPERIENCE Ixelles | €19,032 | -€2,256 | 16.7% | - |
| BTW-Advies Bert Nijsten Consulting Holsbeek | €28,991 | -€7,208 | 98.6% | - |
These companies have the same main activity as siSYSTEMS: other information service activities (NACE 63920). They are comparable in size and age: total assets between €10,100 and €36,500, founded between 1998 and 2015.
siSYSTEMS files the micro format. That format states no turnover. The gross margin fell from -€172 in 2013 to -€74,814 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 2,408 companies in 2025.
Lower than 95% of 2,296 companies in 2025.
Lower than 95% of 2,331 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
16,009 | 143,561 | 178,181 | 45,133 | 43,801 | 59,586 | 25,304 | 20,762 | 22,602 | 16,141 | 29,972 | 26,520 | 26,416 | |
21/28 |
8,730 | 14,973 | 12,293 | 17,399 | 25,682 | 32,513 | 2,835 | - | 1,157 | 2,313 | 2,034 | 3,717 | 4,142 | |
22/27 |
8,730 | 9,623 | 12,293 | 17,399 | 25,682 | 32,513 | 2,835 | - | 1,157 | 2,313 | 2,034 | 3,717 | 4,142 | |
23 |
3,681 | 4,898 | 3,785 | 1,598 | 2,587 | 2,126 | 2,835 | - | 504 | 1,007 | 2,034 | 3,717 | 4,142 | |
24 |
1,899 | 1,216 | 8,509 | 15,802 | 23,095 | 30,388 | - | - | 653 | 1,306 | - | - | - | |
26 |
3,150 | 3,510 | - | - | - | - | - | - | - | - | - | - | - | |
28 |
0 | 5,350 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
7,279 | 128,588 | 165,887 | 27,734 | 18,119 | 27,073 | 22,469 | 20,762 | 21,445 | 13,828 | 27,938 | 22,803 | 22,274 | |
40/41 |
2,945 | 77,094 | 9,146 | 9,579 | 3,018 | 1,700 | 6,486 | 5,207 | 2,014 | 6,362 | 6,261 | 21,598 | 21,502 | |
40 |
599 | 71,610 | 7,951 | 7,835 | 1,664 | 446 | 5,305 | 3,505 | 1,066 | 5,949 | 6,261 | 295 | - | |
41 |
2,347 | 5,484 | 1,195 | 1,745 | 1,354 | 1,254 | 1,181 | 1,702 | 948 | 413 | - | 21,303 | 21,502 | |
54/58 |
4,208 | 51,173 | 156,464 | 5,318 | 2,279 | 12,381 | 10,867 | 2,391 | 19,431 | 7,466 | 21,677 | 1,205 | 772 | |
490/1 |
126 | 320 | 277 | 12,836 | 12,822 | 12,992 | 5,116 | 13,164 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
16,009 | 143,561 | 178,181 | 45,133 | 43,801 | 59,586 | 25,304 | 20,762 | 22,602 | 16,141 | 29,972 | 26,520 | 26,416 | |
10/15 |
-54,592 | 25,499 | -8,144 | -38,227 | -34,221 | -1,717 | 6,246 | 2,241 | 7,489 | 10,514 | 21,531 | 25,969 | 21,489 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-75,052 | 5,039 | -28,604 | -58,687 | -54,681 | -22,177 | -14,214 | -18,219 | -12,971 | -9,946 | 1,071 | 5,509 | 2,889 | |
16 |
- | - | - | - | 21,184 | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | 21,184 | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | 21,184 | - | - | - | - | - | - | - | - | |
17/49 |
70,602 | 118,063 | 186,325 | 83,360 | 56,839 | 61,303 | 19,058 | 18,521 | 15,113 | 5,627 | 8,441 | 551 | 4,927 | |
17 |
4,978 | 9,199 | 13,379 | 17,516 | 21,613 | 25,669 | - | - | - | - | - | - | - | |
170/4 |
4,978 | 9,199 | 13,379 | 17,516 | 21,613 | 25,669 | - | - | - | - | - | - | - | |
42/48 |
65,624 | 108,864 | 172,946 | 65,843 | 35,226 | 35,634 | 19,058 | 18,521 | 15,113 | 5,627 | 8,441 | 551 | 4,927 | |
42 |
4,221 | 4,179 | 4,138 | 4,097 | 4,056 | 4,015 | - | - | - | - | - | - | - | |
43 |
0 | 12 | - | - | - | - | - | - | - | - | - | - | - | |
439 |
0 | 12 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
5,657 | 79,014 | 130,111 | 14,017 | 13,859 | 12,144 | 5,425 | 18,521 | 15,113 | 4,642 | 2,469 | 551 | - | |
440/4 |
5,657 | 79,014 | 130,111 | 14,017 | 13,859 | 12,144 | 5,425 | 18,521 | 15,113 | 4,642 | 2,469 | 551 | - | |
45 |
4,001 | 3,967 | 3,344 | 71 | 162 | 79 | 205 | - | - | 527 | 106 | - | - | |
450/3 |
4,001 | 3,967 | 3,344 | 71 | 162 | 79 | 205 | - | - | 527 | 106 | - | - | |
47/48 |
51,744 | 21,692 | 35,354 | 47,658 | 17,149 | 19,396 | 13,428 | - | - | 458 | 5,866 | - | 4,927 | |
| Income statement | ||||||||||||||
9900 |
-74,814 | 68,793 | 40,061 | 2,104 | -1,986 | -122 | 5,349 | -3,471 | -1,259 | -8,873 | -2,952 | 4,553 | -172 | |
62 |
0 | 557 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
2,942 | 8,418 | 8,712 | 8,282 | 8,236 | 6,786 | 709 | 1,157 | 1,157 | 1,680 | 1,683 | 1,683 | 1,599 | |
631/4 |
1,568 | 21,474 | - | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | -21,184 | 21,184 | - | - | - | - | - | - | - | - | |
640/8 |
400 | 916 | 868 | 992 | 769 | 747 | 688 | 617 | 614 | 627 | 626 | 246 | 90 | |
66A |
0 | 3,816 | - | 17,684 | - | - | - | - | - | - | - | - | - | |
9901 |
-79,724 | 33,612 | 30,481 | -3,670 | -32,174 | -7,656 | 3,953 | -5,245 | -3,030 | -11,179 | -5,261 | 2,624 | -1,861 | |
75/76B |
0 | 4,265 | 0 | - | - | - | 142 | 89 | 53 | 211 | 873 | 1,885 | 1,023 | |
75 |
0 | 4,265 | 0 | - | - | - | 142 | 89 | 53 | 211 | 873 | 1,885 | 1,023 | |
65/66B |
367 | 374 | 399 | 335 | 330 | 307 | 90 | 92 | 46 | 48 | 49 | 29 | - | |
65 |
367 | 374 | 399 | 335 | 330 | 307 | 90 | 92 | 46 | 48 | 49 | 29 | - | |
9903 |
-80,091 | 37,504 | 30,082 | -4,006 | -32,504 | -7,963 | 4,005 | -5,248 | -3,023 | -11,016 | -4,437 | 4,480 | -838 | |
67/77 |
0 | 3,860 | 0 | - | - | - | - | - | 2 | 1 | 1 | - | - | |
9904 |
-80,091 | 33,643 | 30,082 | -4,006 | -32,504 | -7,963 | 4,005 | -5,248 | -3,025 | -11,017 | -4,438 | 4,480 | -838 | |
9905 |
-80,091 | 33,643 | 30,082 | -4,006 | -32,504 | -7,963 | 4,005 | -5,248 | -3,025 | -11,017 | -4,438 | 4,480 | -838 | |
| Appropriation of the result | ||||||||||||||
9906 |
-75,052 | 5,039 | -28,604 | -58,687 | -54,681 | -22,177 | -14,214 | -18,219 | -12,971 | -9,946 | 1,071 | 7,369 | 2,889 | |
14P |
5,039 | -28,604 | -58,687 | -54,681 | -22,177 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | |
| Document | ||||||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00317153 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00437240 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00413628 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00432338 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20391496 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56900551 | |
| 31-12-2019 | micro format | 03-07-2020 | 2020-25700054 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54900280 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49500081 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29100237 | |
| 31-12-2015 | abbreviated format | 13-07-2016 | 2016-30700247 | |
| 31-12-2014 | abbreviated format | 17-08-2015 | 2015-42700198 | |
| 31-12-2013 | abbreviated format | 27-08-2014 | 2014-49700034 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -76,783 | 42,030 | 39,193 | 4,612 | -23,938 | -869 | 4,661 | -4,088 | -1,873 | -9,500 | -3,578 | 4,307 | -262 | ||
| -77,149 | 42,061 | 38,794 | 4,277 | -24,269 | -1,177 | 4,713 | -4,091 | -1,868 | -9,337 | -2,755 | 6,163 | 761 | ||
| 2,049 | 11,098 | 3,606 | 0 | 1,404 | 36,465 | 3,543 | 0 | 0 | 1,959 | 0 | 1,259 | - | ||
| -46,966 | -105,291 | 151,146 | 3,039 | -10,101 | 1,513 | 8,477 | -17,040 | 11,965 | -14,211 | 20,472 | 433 | - | ||
| -58,345 | 19,725 | -7,059 | -38,110 | -17,107 | -8,562 | 3,411 | 2,241 | 6,332 | 8,201 | 19,497 | 22,252 | 17,347 | ||
| -341.0% | 17.8% | -4.6% | -84.7% | -78.1% | -2.9% | 24.7% | 10.8% | 33.1% | 65.1% | 71.8% | 97.9% | 81.3% | ||
| 0.11 | 1.18 | 0.96 | 0.42 | 0.51 | 0.76 | 1.18 | 1.12 | 1.42 | 2.46 | 3.31 | 41.38 | 4.52 | ||
| - | 4.63 | - | - | - | - | 3.05 | 8.26 | 2.02 | 0.54 | 0.39 | 0.02 | 0.23 | ||
| - | 131.9% | - | - | - | - | 64.1% | -234.2% | -40.4% | -104.8% | -20.6% | 17.3% | -3.9% | ||
| -500.3% | 23.4% | 16.9% | -8.9% | -74.2% | -13.4% | 15.8% | -25.3% | -13.4% | -68.3% | -14.8% | 16.9% | -3.2% | ||
| -209.34 | over 100 | 98.22 | 13.75 | -72.49 | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,049 | €5,748 | €3,606 | - | €1,404 |
| Financial fixed assets | €0 | €5,350 | - | - | - |
| €2,942 | €8,418 | €8,712 | €8,282 | €8,236 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €79,724, after a profit of €33,612 in 2024. It is the lowest result since 2013.
Equity is negative. Debt (€70,602) exceeds the balance-sheet total (€16,009).
siSYSTEMS has no parent and no holdings in its annual accounts. is the only director. siSYSTEMS shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zilverstraat 31 registered office 2900 Schoten | 12-01-2009 | 2.285.858.349 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11040D0190/00F003 | 1,931 m² | 1 · 256 m² | 9.5 m · 2 |
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